At the time of her grandson's birth, a grandmother deposits $12,000.00 in an account that pays 2% compound monthly. What will be that value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawls are made during the period.
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A(t) = P(1+(r/n))^(nt)
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A(21) = 12000(1+(0.02/12))^(12*21)
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A(21) = 12000(1.5214)
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A(21) = #18,257.15
Answer:
x=94
Step-by-step explanation:
I hope I'm correct. Here's my explanation: x+9 and 2x-111 would equal 180, hence the line (supplementary). So x+9+2x-111=180
x=94
hope this helps.
Answer:
$4125.00
14.94 years
$379.50
Step-by-step explanation:
1. A = P(1 + r/n)^(nt)
4837.65 = P(1 + 0.032/4)^(4×5)
4837.65 = P(1.008)^(20)
P = 4125.00
2. A = P(1 + r/n)^(nt)
10250 = 5125(1 + 0.0475/1)^(1×t)
10250 = 5125(1.0475)^t
2 = 1.0475^t
ln 2 = t ln 1.0475
t = 14.94
3. Beth pays the first $100, bringing the cost to $1118. She then pays 25% of this, which is $279.50. So she pays a total of $379.50.
3:56 is the time they will leave together again
Answer:
Step-by-step explanation:
for this question you will need to do probability trees and take note that the card was not replaced after it had been taken out of the packet meaning that there is two less card in the packet.
i) 2/4 = 1/2
ii) 2/18 = 1/9
iii) 2/6 = 1/3
Unfortunately the photo of the tree diagram could not be loaded